AGP Announces Plans to Build New Soybean Processing Plant Near David City
Ag Processing Inc (AGP, agp.com) has announced its plan to build a new state-of-the-art soybean processing plant near David City, NE. The facility will have the capacity to process over 50 million bushels of soybeans per year.
“The soybean processing industry is experiencing tremendous growth and we believe a facility in East Central Nebraska is strategically located to serve our cooperative members and their farmer-owners,” stated AGP’s Chairman of the Board, Lowell Wilson.
“Maintaining a strong cooperative system is vital to agricultural producers and our rural communities.”
AGP expects operations to begin in 2025. Company officials noted that final construction decisions and timeline are contingent on negotiations with state and local officials regarding economic development incentives, required infrastructure improvements, utility services, and regulatory considerations.
“We are committed to working with local and state officials to develop and invest in sustainable projects to better serve our customers while also benefiting our members, their farmer owners, and the surrounding communities,” said Chris Schaffer, AGP’s CEO.
Ag Processing Inc is a leading agribusiness with primary operations as a major U.S. soybean processor/refiner producing and marketing soybean meal, refined soybean oil, and biodiesel. AGP businesses also include agricultural product trading in domestic and international markets and numerous U.S. grain elevator operations. AGP is owned by local and regional cooperatives representing farmer-producers across the United States. Corporate headquarters are located in Omaha. Learn more at agp.com.